Quote:...or looking for ways to expand FDR's great society.No question, you're in a tricky bind, as are most countries. At least you're not as (relatively) indebted as Iceland, then you'd owe something like $25 trillion.
I think a stimulus is necessary, but it has to be gauged carefully. There will come a time, not too long from now, when the budget will have to be balanced again, and not just for a year or two. But if you start doing that now, the economy might well stay depressed for much longer than necessary, which would eat into tax revenues in any case.
-Jester
Oh, and the 'great society' was LBJ, not FDR.